NBA Labor Update: Talks Unsuccessful, Start of Regular Season in Jeopardy
The NBA and players union had a crucial labor meeting today in New York, with the start of the regular season in jeopardy. The sides understood the importance of Tuesday’s talks, but economic issues prevented a new CBA. The union would not make its BRI split under 50%, with its lowest offer stopping at 53%. According to the union, the last formal proposal by the owners offered the players only 47% of the BRI.
However, Commissioner David Stern told the media that they offered the union a 50-50 BRI split, they moved off the hard-cap, ensured guaranteed contracts, but the union still rejected.
To make matter worse, neither side offered a date as to when they would pick up talks. Instead union Chief Billy Hunter told the media, “There are no scheduled meetings. Maybe a month, or two months. It’s your guess.”
The league eventually announced that it will cancel the remainder of the post-season, and Stern said it will also cancel the first two weeks of the regular season if no deal is signed by Monday.
It looks like for the first time since the 1998-99 season, the NBA players will be missing their paychecks. Fans and athletes have been anticipating this day for over two years, all we can hope for is that something miraculous happens on Monday to save the season.